Seized and Forfeited Property Seized Property Monetary instruments, real property and tangible personal property Valued at its market value when seized Forfeited Property Monetary instruments, intangible property, real property and tangible personal property acquired through forfeiture proceedings Property acquired by the government to satisfy a tax liability Unclaimed and abandoned merchandise Revenue should be recognized when the property is sold Property not held for sale may be: Placed into official use Transferred to another federal government agency Distributed to a state or local law enforcement agency Distributed to a foreign government
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